The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-09-14
I SECRET HISTORY
or,TuE BALTIMORE ) OHIO DEAL
A. told BY Henry .. 1ves-sensatlonni Dis.
3 olosurcs-Ivss said to Have beon Flocced
E{by dsrrese-Alleged Conspiracy to
" Shut Out tho Young Man.

NGw YoRK, Sept. 1s.-The World to.dn,
publishes detailed account Of tho trans
actions Of Henry s. Ives & Go. with Robor
Garrett, representing the Baltimore 1
Ohio railroad, and supplements this will
an interview with Henry s. Ives, In whicl
he! for the first time makes atatcmen
Of bis affairs. IS. 3tt5t u &s5 b.
The following statement is from cap
italiut thoroughly familiar with tho affair
Of the 8zm: '1yes' Byst stop in railroa;
financlering occurred just before the pres
ent firm was formed, when be secured
control OF the Mineral Range Railroad
Company, a road twelve miles long, run
ming on the northern peninsula Of AIichi
gan. The capital stock was only $ll5.O OO(
on which regular dividend OF 10 per cent
had been paid for twelve years prior tc
the purchase, though a much greater
amount had been earned. The building
Of q parallel line had shaken the couf.
dence OF the holders Of the Mineral Range
stock, which enabled Ives to purchase q.
considerably below par, his judgment be.
Ing that by making certain extensions /!
would be made too formidable Tor the
other road. Alter securing control be
subsequently, purchased every aingle share
OF the stock and made the extensions
which he had formerly regarded as essen.
tial and which, in accordance with his
previous Judgment, had tho effect OF fo,c.
Ing the other road almost out OF exist.
ence. He afterwards bought this at hiu
own figure, thus securing a practical mo.
nopoly Of the business. The bonded debt
OF the Mineral Range Railroad had only
been $500 900, and before the parallel line
was threatened Mr.. Ives had, ss a bond.
broker, bought the bonds in the West and
sold them al profit to Connecticut saw.
inps banks. ( I 5l 3 q 30 g, ~ 7
9,4. Nv p,s,r,ov ro n,cr -, I rr,,s'
~. = ~ .-t.-1..,' 80 ~ ..N. -Aa' j,
lE ~ ~ undressing Aele 10 note that l.. u
Lsitor, q then prominent merchant OF Chi.
capo, who held nearly hall OF tho honda
m baar;no ~ tho comnat;r, ,;ro hr,r;oJ
- y, ADs' tuA "H
10 Ne# olR ano SOLO tnem 10 Ives at 10
The bonds subsequently declined to IS
Ives. however. continued TO tuv and ar.
onired about three.ouartera Of ali the
bonds and every share OF The stoek. hnv.
inV the latter as low as 80. After making
the ertensious referred to. instead Of be-
ing pougnt up ny tne Gotnpe1lng hne, he
~ ,I tba s s.os
M;neral Range Railroad from Sil5 nm n
s4O0, 900, q part Of which he sold out at
an2a Iron oCa dSo 10 10y 1eailzIng something over
st;Il Ssta,nnu c,ut,oI;n. M aho .ha
road. - z 80 =
1.-THE so.called Vaudalia line has been
me entire outlet OF the rennsylvanis
Eallroao west OF lholanspolls. ats p1r'
Gnase Put tne g1eat cofpotauon Oh tne
tennsylqau!a hall1oao company placu.
caliy IN tne power OF Ives .: Co., iof IT
!nelepy put Tue ntM ~ pos!tlon Wnere
u u contd dlcts.e terms ior on entrance into
New tork lol Tue palIl!noio Y onlo hali'
ROAD, me contfol OF winch they we're then
neeotia,lns lot tuIougn Mf. hopett var
Iett. = 9feat coastelnaI'oa %aa csnsed IN
iennsy ylvania rallroaa c1rGles M When the
news was announced. Inc move had
peen maoe 90 qalssly that noS until the
actuat Transfer NAG taken pace ana sne
Ives party were IN control OF tne ooaro,
WHO mf. Ives % f1esiueAt, it, were tney
aware tlPa ol 'l, IL * (.
s5 THE BALTIMORE 4 ONO DEAL. '5:7SI
sarba nept ,,nova was n oc ,r;ra con, -,
.,f.o1,., - .o ' -, " "Sa0'A eo.'io
OF tne baltlmofe q ohlo sytem, Wnlch
when closely allied with the Cincinnati
Hamilton. Yandalia & DAYTON. Fl. Wavnr
y inh;coon fo,r,mraad ira.. svptsn, of ,o,ds
= ss'. ho' - .N = '''r ~ s'o.4 '. 'oAus ~.
second not even 10 tue fenrsylVanla. II
would have formed the shortest line from
the West to tl,e eea,,osrd reachino Nil I'm
;mnortant cities in Ohio. Indiana. illinois
and s. Ton;s Ma and hav;nc c',ara,;n 81
facilities .the,ein far snnsr;or - t,,oaa ~
The Pennsylvania ;,soIi and ) than tha II,
Pannavlvan;n eea;nr ils }ormnr,v NOT orer,
foymidable rival bsinr nlacej in q maj.
t;on nj great nnwer. hroncht a,i noas;bla
inAnepees 10 bear to break m tha neoo.ia.
lions. In that thew vera aspis,ed hr many
prominent banks and banking firms OF
this and other citles. a
,ott IVES = oa naa shass o. mr. 1
Baltimore / Ohio ior the sum Of sis 0o1.
OOO, of which IS, 900 900 waa to he paid in
cash and the balance partially in deferred
PayMdentT9 Th snu ps,ua,s ~ ce,,a.Ss .ruas
~ nn"o;sad namma,t. ~ ~ saada Gasseu
~; ~; on. Thasn p r,,sr,e ~ hossr.. % ha
oamso M ~ tho onno,i.;1u oo n dara,on;nn
oo ~ snu ~ asa;ns'
.uu ntaadad W. Gr,o,t ~" tson,
o4u eA.oneo Ie caont;.. Wy i.au. lu ..'ns
~ rn,e, nu aersp,un ni Ives anu
S@Snet ees.a' pay ens. ~ nioHey oa
aesTu ma} know W That he wes ohts;n;n,
e nr;"o rs for ii. a'on bs 81 u
s, tha ~ s S,ss ~; aVeS
oxaat cor,d AZ So sgaa,ad th
sne s.eat 'Ans oo;n a;1i;on m Sosc.eH .ne a i.
vnee -; 1 raoant = dauo1nn1an. oS MSab us
ahnwn % 10 PaItiMora { enaa'v nS;o n,ss nat uA;e 10
nvMm, az ova,sornJ nond;ton nn% NJ Gsr,att , -